Quantitative Investment Management LLC Takes Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Quantitative Investment Management LLC acquired a new stake in Hewlett Packard Enterprise, buying 92,968 shares worth approximately $1.43 million during the first quarter of 2023.
• Institutional investors collectively own 80.78% of Hewlett Packard Enterprise's stock, with notable increases in positions by various asset management firms in the latest quarter.
• Hewlett Packard Enterprise reported a revenue of $7.63 billion for the last quarter, beating estimates, and declared a quarterly dividend of $0.13.

Quantitative Investment Management LLC acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,968 shares of the technology company's stock, valued at approximately $1,434,000.

Several other institutional investors have also added to or reduced their stakes in HPE. Jump Financial LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $303,000. MML Investors Services LLC lifted its holdings in shares of Hewlett Packard Enterprise by 5.0% in the fourth quarter. MML Investors Services LLC now owns 124,536 shares of the technology company's stock worth $2,659,000 after buying an additional 5,876 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 130.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,071 shares of the technology company's stock worth $87,000 after buying an additional 2,307 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Hewlett Packard Enterprise by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,846,366 shares of the technology company's stock worth $39,421,000 after buying an additional 17,355 shares in the last quarter. Finally, MGO One Seven LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $424,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock traded up $0.45 during trading hours on Thursday, hitting $23.18. 24,959,164 shares of the company's stock were exchanged, compared to its average volume of 18,805,486. The company has a market capitalization of $30.41 billion, a PE ratio of 23.41, a PEG ratio of 3.27 and a beta of 1.37. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The business's 50 day simple moving average is $20.59 and its 200-day simple moving average is $18.33. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business's revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. On average, equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were issued a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 52.53%.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 295,256 shares of company stock worth $6,189,318. Insiders own 0.36% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target on the stock. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 24th. They issued a "neutral" rating and a $22.00 target price on the stock. KeyCorp assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and an average price target of $23.27.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.